Iran has pocketed around $60 billion from exports of products, services and energy since the United States imposed its sanctions on the country’s sale of crude two years ago.
Iran’s largest carmaker, the Iran Khodro Company (IKCO), says production for Peugeot 405 has ended after 25 years and no new orders will be submitted for the once popular French model.
Iran is launching the largest face mask plant in West Asia as authorities aim to exponentially increase production capacity for the protective gear in the time of a new coronavirus pandemic that has affected thousands of people in the country.
An Iranian biomedicine company has started mass production of serological test kits in the time of the new coronavirus pandemic.
The Iranian government plans a one-off cash handout of 10 million rials (nearly $240 at official currency rate) to more than 23 million households in the country as part of efforts to help people cope with the economic impacts of the new coronavirus pandemic.
Iran dominated the Middle East’s renewable production capacity which rose 13 percent to 22,710 megawatts (MW) last year, the International Renewable Energy Agency (IRENA) says.
Iran has become the fourth producer of kiwifruit in the world as exports hit a record high of over $80 million a year.
The Central Bank of Iran (CBI) says it is ready for massive liquidity injections into the banking system as part of efforts to help government shore up the economy.
Iran’s national flag carrier, Iran Air, has suspended all flights to German cities of Frankfurt, Hamburg and Koln as authorities are struggling to curb surging cases of a new coronavirus pandemic.
Iranian authorities say Saudi Arabia should do more to help fight a locust plague that could threat crops and food security in the Middle East and North Africa region.